29 Nov '13, 10pm

Judge: Fisker sale could be final January 3

Judge: Fisker sale could be final January 3

saga continues, and a federal bankruptcy judge would like to see the story wrap up soon. The bankruptcy filing from November 22 could reach completion on January 3 of the new year under a faster-than-normal sale process approved by US Bankruptcy Judge Kevin Gross, according to Bloomberg . The traditional bankruptcy bidding procedures will be circumvented, and Gross admitted that it is a bit odd. "It is unusual to have, obviously, a sale without bidding procedures" and an auction, Gross told Bloomberg . Fisker hasn't built a new Karma in over 18 months. In court papers, the extended range plug-in carmaker said the fast pace is justified since the company and federal officials conducted an "extensive" marketing effort prior to the recent bankruptcy filing . The US Department of Energy (DOE) held the auction to raise funds to pay off the $168.5-million loan it make to Fisker....

Full article: http://green.autoblog.com/2013/11/29/judge-fisker-sale-co...

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Fisker Bankrupt, But Someone Bought It

Fisker Bankrupt, But Someone Bought It

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